Monthly Archives: September 2016

Gaming Industry News Weekly Recap – Stories You Might Have Missed

THE AMERICAS

Quebec securities regulator revealed details of an insider trading kickback scheme involving former Amaya CEO David Baazov; betting tout Adam Meyer pled guilty to felony extortion and racketeering charges; Scientific Games split off its social gaming operations into a separate entity; Caesars Entertainment lost its bankruptcy mediator and said it would test-run Gamblit Gaming’s skill-based games at its Harrah’s Rincon property; Carl Icahn formally requested the closure Atlantic City’s Trump Taj Mahal casino and six-times World Series of Poker bracelet winner Ted Forrest found himself wanted by police for writing $215k worth of bad checks at Wynn Resorts casinos in Las Vegas.

EUROPE and AFRICA

The UK government was said to be readying a review of fixed-odds betting terminals while the UK Gambling Commission said it wouldn’t impose new in-play betting restrictions; Betsson acquired TonyBet’s Lithuanian operations; the German state of Hesse offered temporary online betting permits; Italy’s online sports betting market grew twice as fast as land-based operations while Italy’s prime minister vowed to reduce slots outside casinos by 30%; French online sports betting set new turnover and revenue records; Austria’s competition watchdog blocked Novomatic’s takeover of Casinos Austria; Malta Gaming Authority’s Joseph Cuschieri explained plans to simplify its regulatory regime; Microgame’s Marco Castaldo examined the challenges faced by today’s omni-channel operators; Gidani Ltd’s Dawid Muller reviewed African nations’ push to regulate gambling; FSB Tech’s Dave McDowell discussed new opportunities in virtual sports and eSports while Rebecca Liggero recapped the second annual WrB London conference.

Report: UK gov’t launching review of fixed odds betting terminals, betting adverts

The UK government is reportedly prepping a review of the fixed-odds betting terminals (FOBT) in the nation’s betting shops.

On Friday, the Daily Mail interrupted its non-stop delivery of taut tummy, teeny tiny bikini and side-boob articles long enough to report that the UK’s Department of Culture, Media and Sport (DCMS) would announce a review of FOBT standards and practices within the next couple of weeks.

The Mail boldly predicted that the review, which it says will be completed before the end of the year, would include recommendations to reduce maximum stakes from their current £100 per spin to just £2, while the maximum number of machines could be reduced from its current level of four.

The Mail – which used the phrase “crack cocaine of gambling” no less than five times in its article – also suggested that the gambling review could include potential curbs on online gambling sites’ ability to advertise on television.